ValuEngine downgraded shares of Instructure (NYSE:INST) from a buy rating to a hold rating in a research note published on Thursday, ValuEngine reports.

Several other equities analysts have also weighed in on the company. Zacks Investment Research lowered Instructure from a buy rating to a hold rating in a report on Friday, August 9th. Oppenheimer raised Instructure from a market perform rating to an outperform rating and set a $56.00 price objective for the company in a report on Monday, August 12th. CIBC raised Instructure from a market perform rating to an outperform rating and set a $56.00 price objective for the company in a report on Monday, August 12th. DA Davidson reissued a buy rating on shares of Instructure in a report on Monday, September 16th. Finally, William Blair reissued a market perform rating on shares of Instructure in a report on Monday, August 12th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $47.61.

NYSE INST traded down $0.62 on Thursday, hitting $40.86. 198,417 shares of the stock traded hands, compared to its average volume of 380,456. The business’s fifty day moving average is $39.87 and its two-hundred day moving average is $42.14. Instructure has a 12 month low of $30.06 and a 12 month high of $50.19. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -33.22 and a beta of 0.44. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.06 and a current ratio of 1.06.

Instructure (NYSE:INST) last announced its quarterly earnings data on Monday, July 29th. The technology company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.07. Instructure had a negative return on equity of 41.15% and a negative net margin of 24.07%. The business had revenue of $62.87 million during the quarter, compared to analyst estimates of $62.07 million. During the same period in the prior year, the company earned ($0.24) earnings per share. Instructure’s revenue was up 25.6% compared to the same quarter last year. Analysts expect that Instructure will post -2.25 EPS for the current fiscal year.

In other news, Director Joshua L. Coates sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $41.06, for a total value of $205,300.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $225,830. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joshua L. Coates sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $40.67, for a total value of $406,700.00. Following the completion of the transaction, the director now directly owns 5,500 shares of the company’s stock, valued at $223,685. The disclosure for this sale can be found here. Insiders sold 42,000 shares of company stock valued at $1,718,900 over the last ninety days. Corporate insiders own 9.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of Instructure by 1.3% in the second quarter. Royal Bank of Canada now owns 27,796 shares of the technology company’s stock worth $1,181,000 after buying an additional 355 shares in the last quarter. United Services Automobile Association raised its position in shares of Instructure by 12.6% in the second quarter. United Services Automobile Association now owns 4,930 shares of the technology company’s stock worth $210,000 after buying an additional 551 shares in the last quarter. Ashburton Jersey Ltd purchased a new stake in shares of Instructure in the second quarter worth $27,000. Aperio Group LLC purchased a new stake in shares of Instructure in the second quarter worth $58,000. Finally, Bank of New York Mellon Corp raised its position in Instructure by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 131,883 shares of the technology company’s stock valued at $5,605,000 after purchasing an additional 1,470 shares in the last quarter. 90.86% of the stock is owned by hedge funds and other institutional investors.

Instructure Company Profile

Instructure, Inc provides applications for learning, assessment, and performance management through a software-as-a-service business model worldwide. It develops Canvas, a learning management platform for KÂ-12 and higher education; and Bridge, an employee development and engagement platform. The company's applications enhance academic and corporate learning by providing a system of engagement for teachers and learners, enabling frequent and open interactions, a streamlined workflow, and the creation and sharing of content with anytime, anywhere access to information.

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Analyst Recommendations for Instructure (NYSE:INST)

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